Medibank Private offer - anyone in?

[cove]

Ours went up 7.3% and we qualify for the full zero rebate on Medibank Private.
Then there is the health insurance levy which is based on taxable income so I notice that charge.
I think that levy should increase to closer to the real cost which is probably 7% but then the tax rates need to come down by the same amount.

 

[amaroo]

Go you good thing! Medibank shares surge 15pc as fatter premiums boost profit

Medibank Private said its full-year underlying profit rose 13.3 per to $285.3 million in its first full-year result since the insurer was privatised by the Abbott government. Shares in the nation's biggest private health insurer surged more than 15 per cent at the open on Friday to $2.32 as the profit numbers reassured sceptical investors.

 

[coles525]

Dividend of 5.3c payable from next month. I've looked if they offer a DRP (re investment plan), but it seems I will be collecting cash instead.

Only yesterday, shares were between $1.99 / $2.01! Now @ $2.23 per share:

[TABLE="class: instrument trading data-table thin-padding, width: 0"]
[TR]
[TD="class: txt-left first-col"]MPL.ASX[/TD]
[TD="class: txt-left"]MEDIBANK PRIVATE LIMITED ORDINARY FULLY PAID[/TD]
[TD]x,000[/TD]
[TD]x,000[/TD]
[TD]$2.23[/TD]
[TD]$2.00[/TD]
[/TR]
[/TABLE]

 

[cove]

I sold them again this morning so now twice as lucky.

 

[whatmeworry]

Medibank shares down on allegations they concealed changes to polices to pump up the price of shares before its sale.

Medibank, Australia's biggest health fund, has been accused of attempting to keep secret policy changes from members to prevent brand damage and boost profits ahead of its privatisation.
The Australian Competition and Consumer Commission has launched court action against Medibank, accusing it of engaging in misleading and unconscionable conduct by failing to notify members about its decision to limit benefits for in-hospital pathology and radiology services.
It alleges Medibank relied on the high likelihood members incorrectly assumed their in-hospital expenses were covered.

Medibank accused of concealing policy changes to pump up profits before sale: ACCC

 

[drross]

Medibank shares down on allegations they concealed changes to polices to pump up the price of shares before its sale.



Medibank accused of concealing policy changes to pump up profits before sale: ACCC

thanks. i wondered what was happening